Economy of Louisville, Kentucky
The early economy of Louisville, Kentucky first developed through the shipping and cargo industries. Its strategic location at the Falls of the Ohio, as well as its unique position in the central United States (within one day's road travel to 60% of the cities in the continental U.S.) make it an ideal location for the transfer of cargo along its route to other destinations. In the early days, the Louisville and Portland Canal (the McAlpine Locks and Dam is built in this canal) was a crucial link in water traffic on its route from Pittsburgh, Pennsylvania (and other origins) to the mouth of the Mississippi River, the Gulf of Mexico, and beyond. The Louisville and Nashville Railroad was also an important link between the industrialized northern cities and the South. Louisville's importance to the shipping industry continues today with the presence of the Worldport air hub for UPS. Louisville's location at the crossroads of three major Interstate highways (I-64, I-65 and I-71) also contributes to its modern-day strategic importance to the shipping and cargo industry.
Recently, Louisville has emerged as a major center for the health care and medical sciences industries. Louisville has been central to advancements in heart and hand surgery as well as cancer treatment. Some of the first artificial heart transplants were conducted in Louisville. The James Graham Brown Cancer Center is well-renowned. Louisville is also home to Humana, one of the nation's largest health insurance companies.
Louisville is home to nearly two dozen major corporations and organizations:
- 21c Museum Hotels
- AAF International (formerly known as American Air Filter)
- Atria Senior Living
- Brown-Forman (Fortune 1000)
- Hillerich & Bradsby (manufacturer of Louisville Slugger baseball bats until the division's sale in 2015)
- Hilliard Lyons (investment firm)
- Humana (Fortune 500)
- Kindred Healthcare (Fortune 500)
- Long John Silver's
- Norton Healthcare
- Papa John's Pizza
- PharMerica (Fortune 1000)
- Presbyterian Church (U.S.A.)
- Republic Bank & Trust Company
- SHPS (healthcare and human resources services company)
- Signature HealthCARE
- S.Y. Bancorp (holding company for Stock Yards Bank & Trust)
- Texas Roadhouse
- Tumbleweed Tex Mex Grill & Margarita Bar
- UPS Airlines
- Yum! Brands (owners of KFC, Pizza Hut, and Taco Bell) (Fortune 500)
- ZirMed (health care technology company)
Louisville for a long time was also home to Brown & Williamson, the third largest company in the tobacco industry before merging with R. J. Reynolds in 2004 to form the Reynolds American Company. Brands such as KOOL, Viceroy, Capri, Misty and Raleigh were introduced in Louisville. Brown & Williamson, one of the subjects of the tobacco industry scandals of the 1990s, was the focus of The Insider, a 1999 film shot around the Louisville area. Also located in Louisville are two major Ford plants, the headquarters of GE Consumer & Industrial (a subsidiary of General Electric), a major General Electric appliance factory and a branch of the Federal Reserve Bank of St. Louis.
Additionally, one third of all of the bourbon whiskey comes from Louisville. Brown-Forman, one of the major makers of American whiskey, is headquartered in Louisville and operates a distillery in the Louisville suburb of Shively. The current primary distillery site operated by Heaven Hill, called the Bernheim distillery, is also located in Louisville near Brown-Forman's distillery. Other major distilleries of bourbon can be found both in the city of Louisville, or in neighboring cities in Kentucky, such as Barton 1792 (Bardstown), Jim Beam (Clermont), Wild Turkey (Lawrenceburg), or Maker's Mark (Loretto, with a restaurant/lounge in Louisville).
Louisville also prides itself in its large assortment of small, independent businesses and restaurants, some of which have become known for their ingenuity and creativity. In 1926 the Brown Hotel became the home of the Hot Brown "sandwich". A few blocks away, the Seelbach Hotel, which F. Scott Fitzgerald references in The Great Gatsby, is also famous for a secret back room where Al Capone would regularly meet with associates during the Prohibition era. The room features a secret back door escape and was used as a starting point for rumrunners who would transport illegal moonshine from the hills of eastern Kentucky to Chicago. Also, in 1880, John Colgan invented a way to make chewing gum taste better for a longer period of time.
The Highlands area of Louisville on Bardstown Road also contains many independent businesses, including but not limited to the Preston Arts Center, Baxter Avenue Theater, Carmichael's book store, the Wild and Woolly video rental store, Heine Brothers' Coffee, John Conti Coffee, Wick's Pizza, Guitar Emporium and O'Shea's Irish Pub, among others. Several local brewpubs such as Rich O's Public House of New Albany, Indiana, Browning's Restaurant and Brewery, Cumberland Brews, and the Bluegrass Brewing Company offer an assortment of local brewing talent in the area.
Louisville also has connections to the entertainment industry. Several major motion pictures have also been filmed in or near Louisville, including Goldfinger, Stripes, The Insider, Lawn Dogs, Nice Guys Sleep Alone, Keep Your Distance and Elizabethtown.
- Business First — Louisville's weekly business newspaper
- Greater Louisville Inc. — Formerly the Louisville Area Chamber of Commerce
- List of major employers in Louisville, Kentucky
- "Special Delivery: UPS Moving Ancient Terra Cotta Army". United Parcel Service. May 5, 2008. Archived from the original on 2013-05-03. Retrieved 2010-06-19.
UPS air operations are headquartered in Louisville, Ky.
- Major employers in the Louisville area
- Keep Louisville Weird - Buy Local First (Louisville Independent Business Alliance)